According to information reported by Reuters, official real estate records show that the parents of FTX, SBF and other executives at the exchange have purchased at least 19 properties in the Bahamas in the past two years, worth nearly $121 million.
Most of the FTX purchases are in luxury riverside real estate, including seven condominiums in Albany’s upscale resort community valued at nearly $72 million.
Property actions show the apartments were purchased by a division of FTX to house key employees. As mentioned in an earlier Coincu News article, the penthouse is currently for sale for $40 million.
Also worth mentioning is a home in Old Fort Bay signed by SBF’s parents, Joseph Bankman and Barbara Fried. When asked why they decided to buy a property in the Bahamas and how the exact amount was paid, SBF’s parents replied that they were trying to return the property to FTX.
Coincu will continue to update the situation related to Sam Bankman-fried trial live update in progress, you can find out more information through this article.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
Coincu News
So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…
Miami, Florida, 13th November 2024, Chainwire
Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…
If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…
BlackRock BUIDL funds have been expanded to Arbitrum, Aptos, Avalanche, Optimism, and Polygon.
Tokyo-based Metaplanet Bitcoin holdings grew by $28 million, doubling to 1,018.17 BTC since late September.
This website uses cookies.